Comerica Bank acquired a new stake in shares of Vistra Energy Corp (NYSE:VST) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,420 shares of the company’s stock, valued at approximately $208,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Oppenheimer & Co. Inc. raised its stake in shares of Vistra Energy by 25.8% in the first quarter. Oppenheimer & Co. Inc. now owns 26,185 shares of the company’s stock valued at $545,000 after acquiring an additional 5,368 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Vistra Energy by 40.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the company’s stock worth $181,000 after purchasing an additional 2,500 shares during the last quarter. Global X Management Co. LLC bought a new stake in shares of Vistra Energy during the 1st quarter valued at $834,000. OTA Financial Group L.P. bought a new stake in shares of Vistra Energy during the 4th quarter valued at $3,874,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Vistra Energy during the 4th quarter valued at $442,000. 90.04% of the stock is currently owned by institutional investors.
Vistra Energy opened at $24.01 on Friday, according to MarketBeat. The company has a current ratio of 1.73, a quick ratio of 1.59 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.60 billion, a P/E ratio of 25.35 and a beta of -0.04. Vistra Energy Corp has a 1 year low of $11.88 and a 1 year high of $24.81.
Several equities analysts have recently issued reports on VST shares. UBS Group started coverage on shares of Vistra Energy in a report on Friday, February 23rd. They issued a “neutral” rating and a $21.00 price target for the company. Credit Suisse Group restated a “neutral” rating and set a $23.00 price objective on shares of Vistra Energy in a research note on Friday, April 27th. Zacks Investment Research cut shares of Vistra Energy from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Saturday, April 7th. Bank of America upped their target price on shares of Vistra Energy from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, April 17th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $24.00 target price on shares of Vistra Energy in a report on Monday, April 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $23.13.
About Vistra Energy
Vistra Energy Corp., through its subsidiaries, engages in the integrated power business in Texas. The company operates through Wholesale Generation and Retail Electricity segments. The Wholesale Generation segment engages in the electricity generation, wholesale energy sales and purchases, commodity risk management, fuel production, and fuel logistics management activities.
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